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Net Loss Per Common Share (Tables)
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Computation of Net Loss Per Common Share The following table sets forth the computation of net loss per common share:

 

 

Three Months Ended March 31,

 

(in thousands, except share and per share data)

 

2024

 

 

2023

 

Net loss per common share

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

Net loss attributable to biote Corp. stockholders (basic and diluted)

 

$

(2,070

)

 

$

(6,805

)

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

34,621,166

 

 

 

17,585,045

 

Effect of dilutive securities

 

 

 

 

 

 

Weighted average shares outstanding - diluted

 

 

34,621,166

 

 

 

17,585,045

 

Net loss per common share

 

 

 

 

 

 

Basic

 

$

(0.06

)

 

$

(0.39

)

Diluted

 

$

(0.06

)

 

$

(0.39

)

Schedule of Computation of Diluted Weighted Average Shares Outstanding

The Company excluded the following potential shares, presented based on amounts outstanding at each period end, from the computation of diluted weighted average shares outstanding for the periods indicated because including them would have had an antidilutive effect:

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

RSUs

 

 

288,473

 

 

 

1,196,632

 

Stock Options

 

 

8,427,406

 

 

 

5,026,279

 

Class V Voting Stock

 

 

28,819,066

 

 

 

40,612,566

 

Public Warrants

 

 

 

 

 

8,116,643

 

Private Placement Warrants

 

 

 

 

 

5,387,489

 

Earnout Voting Shares

 

 

10,000,000

 

 

 

10,000,000

 

Sponsor Earnout Shares

 

 

1,587,500

 

 

 

1,587,500

 

 

 

49,122,445

 

 

 

71,927,109